A globally connected network of solar and wind energy could provide three times the global energy demand by 2050 at a lower cost than independent national power systems. This is the finding of a study led by the Chinese Academy of Sciences in collaboration with researchers from the United States and Denmark.
The study focused on how areas with high solar and wind capacity (such as deserts) can be linked ...
Tag: China Moly
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Q&A: Copper, Not Cobalt is the Main Focus for Chinese Mining Giant CMOC in the DR Congo
As global competition for access to critical raw materials intensifies, major mining companies are increasingly central to the debate over supply chains. The prolonged slump in prices for nickel, cobalt, and lithium has drawn scrutiny from Western policymakers and corporate leaders, ...
There’s Only One Reason That Explains Why Chinese Companies Are Pumping Out so Much Cobalt: Politics
Chinese mining giant CMOC Group, or China Molybdenum, announced this week that it reached its full-year cobalt production target three months ahead of schedule. This would probably have been welcomed as good news in an earlier era. But in today's market, when the price of the blue ...
Chinese Mining Giant CMOC Bats Back Fresh Rumors Its TFM Cobalt Mine in the Congo Has Been Suspended
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Sicomines Boss Moves to Bolster Ties in Kinshasa to Avoid the Problems Other Chinese Mining Companies Face in DRC
The head of one of China's largest mining companies in the DR Congo, Li Sheng, traveled last week from the southern cobalt and copper belt in the south to do some in-person lobbying in the capital Kinshasa.
Update on the Chinese Cobalt Stand-off in the DR Congo
Tensions between Chinese mining China Moly and the Congolese state-owned mining Gécamines appear to be deteriorating further amid an ongoing stand-off over the massive TFM copper and cobalt mine in the southern DRC. Shipments have ...
Analysis from Cobus van Staden
Will the DRC Prime Minister Break the Deadlock with China Moly? Mining Expert Géraud Neema Weighs In
1. What are the politics behind these talks that we’re not seeing? Geraud Neema: There is a stalemate between the parties namely CMOC on one side and Gecamines executive, TFM temporary administrator, and the revision committee on the other. Through political ...
New Details Emerge on China Moly-Gécamines Mining Settlement in the DR Congo
More information is coming to light about Tuesday's surprise announcement that the court case in the DR Congo against Chinese mining major China Molybdenum has been suspended. The Chinese company, also known as CMOC or China Moly, published an ...
China Moly Back in Control of the Massive TFM Mine in the DR Congo
In a surprising reversal, the office of Congolese Prime Minister Sama Lukonde issued a statement late Monday night that suspended all legal proceedings against mining giant China Molybdenum (China Moly) and paves the way for the company to regain control of the massive Tenke Fungurume (TFM) copper and ...
China’s Minmetals Doubles Down on DRC Cobalt
The lure of greater access to the DR Congo's vast copper and cobalt reserves is drawing more Chinese mining companies to expand their investments in the country. Mining giant Minmetals Resources on Monday announced a $600 million deal to expand copper and cobalt extraction from its Kinsevere ...
The New York Times’ Popular Podcast The Daily Dedicated an Entire Episode to the U.S.-Chinese Cobalt Competition in the DRC… And It Was Really Mediocre
The massively popular New York Times podcast The Daily devoted an entire episode on Friday to the competition between the U.S. and China over access to the world's largest reserves of cobalt in the Democratic Republic of the Congo. ...
China Moly’s CEO is Back in the DRC For a Visit That Raises More Questions Than Answers
Sun Ruiwen, the powerful CEO of mining giant China Molybdnenum (aka China Moly) was back in Kinshasa this week for a low-profile visit with DR Congo Prime Minister Sama Lukonde. China Moly operates the Tenke Fungurume (TFM) mine, one ...
DRC Opposition Leader Slams Sicomines Deal
While foreign mining companies are benefiting from the Democratic Republic of Congo’s minerals, its people get nothing. So says Adolphe Muzito (photo), the DRC’s former prime minister under Joseph Kabila from 2008 to 2012, and now an opposition politician. “The partnership between DRC and China … my ...